Bullish Signals for Ethereum (ETH/USDT): Can $4,000 Be Reached?

Ethereum (ETH) is currently trading at $3,966.00, showing a +1.48% increase. The strong upward momentum, backed by Ethereum’s ongoing network upgrades, continues to push the price closer to key resistance levels.

Key Insights:

Support Level: Stable at $3,900.

Resistance Target:

$4,000 (short-term) and $4,200 (mid-term).

Technical Indicators:

MACD indicates bullish continuation, and RSI is moving towards overbought levels.

Strategy:

Watch for breakouts above $4,000. Monitor market sentiment and upcoming Ethereum upgrades for potential bullish moves.